Daimler has indicated that it wants to buy a 15% stake in truck maker Kamaz from Russian investment company Troika Dialog and thus increase its stake to 25%, business daily Vedomosti reported, citing two sources close to Kamaz shareholders.

The companies are currently in talks over the purchase price, the sources said without providing any details.

Daimler was expected to notify Troika Dialog, which holds 44.4% in Kamaz, whether it wanted to buy a stake in Kamaz by 11 November. The deadline was set after Russian state-owned industrial conglomerate Rostekhnologii made an offer in September to buy 13% in Kamaz from Troika Dialog, which would increase its stake to a controlling share from the current 37.8%. However, Daimler has preemptive rights to buy out Troika Dialog's shares in the truck maker, the daily said.

On Monday, a 15% stake in Kamaz was worth US$259.5m on the Russian Trading System Stock Exchange (RTS), the daily said.

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